SeriesMagCorrOverlapThrough
These move opposite each other about 49% of the time
Very strong inverse
Strong enough to use as a signal — read the stability and regime notes below before relying on it.
Meta is the largest social media company in the world, boasting close to 4 billion monthly active users worldwide. The firm's "Family of Apps," its core business, consists of Facebook, Instagram, Messenger, and WhatsApp. End users can leverage these applications for a variety of different purposes, from keeping in touch with friends to following celebrities and running digital businesses for free. Meta packages customer data, gleaned from its application ecosystem and sells ads to digital advertisers. While the firm has been investing heavily in its Reality Labs business, it remains a very small part of Meta's overall sales.
Market cap 1.7T · 78,865 employees
Fed Balance Sheet
WALCL
What to Watch
Drifting from pattern
Recent correlation (-21%) is running 1.1σ away from the long-run average of -95%.
Holds across regimes
Correlation is similar when markets rise (+3%) and fall (-6%) — reliable in both directions.
Regime-dependent
The correlation has flipped sign across time windows — not reliable as a standalone signal.
Time Series
Time-Shifted Correlation
See how correlation changes when one series is offset in time. A taller bar at a non-zero shift means the two move together better when one leads the other — that's a potential lead/lag signal.
Correlation by shift
Click a bar to inspect. Range: -12 to 12 weeks.
Selected shift
No shift
Correlation at this shift
-95%
No shift — both series at their actual dates.
235 overlapping points at this shift
Time series with Fed Balance Sheet at original dates
Indexed to 100 at start
Deep Dive
Stability
How the correlation evolves over time. A stable line means the relationship is reliable; large swings signal regime-dependent behavior.
Corr
-95%
Pearson correlation
95% CI
-96% → -93%
Likely range
R²
89.5%
Variance explained
Trend agreement
49.1%
Same-direction moves
Significance
p < 0.001
Statistical confidence
Data points
235
Usable
Pipeline
Pipeline Summary
235 paired data points survived the weekly window.
Raw input
1,125
1,220
Normalized
1,125
1,220
Prepared
235
1,220
Aligned
235
235
Invalid removed
Explore
The strongest positive and inverse pairs we’ve saved for each side of this comparison — good jumping-off points if this result raised a question.
Do They Crash Together?
How these series behave when markets are rising, falling, or diverging. A correlation that holds in drawdowns is very different from one that only works in rallies.
Both Rising
+3%
50 periods · Return correlation when both series rose
Both Falling
-6%
65 periods · Return correlation when both series fell
Diverging
-30%
119 periods · Return correlation when series moved apart
Scatter
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
985
A: 0 / B: 985
Series A
Meta Platforms, Inc. Class A Common Stock
META
Market cap 1.7T · 78,865 employees
Stock · 1,125 raw → 235 prepared
Series B
WALCL
FRED · 1,220 raw → 1,220 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
1
Estimated crossover points between normalized spreads.
Slope
-3285.7003
Linear regression slope.
Intercept
8931316.4443
Linear regression intercept.
Saved 3 hours ago · ID: fred-walcl_stock-meta_5y